Conference Board of Canada
Latest Economic Quick Take – Trade Balance Ticks Higher
| Our Latest Economic Quick Take (Courtesy of the Conference Board of Canada) Here are highlights into Statistics Canada’s latest international trade release: Canada’s merchandise exports rose 2.0 per cent (month-on-month) in June, while imports rose 1.7 per cent. As a result, Canada’s merchandise trade surplus with the world widened from $4.8 billion in May to $ 5.0 billion in June. Total exports rose for the sixth consecutive month to $69.9 billion in June. Exports of energy products were up 3.2 per cent to $ 21.0 billion in June, representing 30 per cent of total exports. While energy products were crucial to the gain in total exports, non-energy exports also increased by 1.4 per cent. We take a closer look at the impact international trade will have on domestic prices across multiple sectors including food, motor vehicles, and lumber. ACCESS KEY INSIGHTS Canadians Adjust Their Spending Habits Coping with Persistent Inflation Has Not Been Easy Inflation reached 8.1 per cent year-over-year in June, and many Canadians have struggled to keep up with the rise in prices. Many Canadians felt less optimistic about current and future finances in June due to persistent inflation. This decline in confidence caused Canadians to adjust their spending habits, which is why consumer spending growth slowed in June. We examine this downward trend in our Index of Consumer Spending (ICS).READ NOW Business Confidence Declines for the Fourth Consecutive Quarter Is a Recession on the Horizon? The last time the Index of Business Confidence experienced four consecutive declines was during the 2007–08 financial crisis. Our latest survey indicates that firms continue to have concerns about the coming six months, especially when it comes to the rising cost of labour and capital; the shortage of qualified staff; and more recently, interest rate hikes. READ NOW Markets Continue to Slow Sales Declines Were Widespread Among Local Markets National sales of existing homes fell almost 6 per cent in June, the fourth consecutive monthly decline, leaving them down 24 per cent from June 2021.The dip left volumes 7 per cent below the 10-year average of seasonally adjusted monthly sales. Our latest Metro Resale Snapshot looks at listings and sales during June 2022.READ NOW |
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Business Mentor & CEO at Grow Vantage & Ask For Directions Training
Business Mentor at Ask For Directions Training and Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Latest posts by Patricia Dent (see all)
- Georgian College profs to research police anti-oppression training with two police services including Barrie - October 2, 2024
- Minimum wage in Ontario, Manitoba, Saskatchewan, P.E.I. increases - October 2, 2024
- (Updated) Ontario farmers raise concerns of dwindling farmland at rural expo - October 2, 2024